Jadwa Investment, Kingdom's premier investment firm, has announced a revenue surpassing SR270m ($72m) which is 14 percent more as compared to 2010. Net income exceeded SR130m, an increase of more than 18 percent from 2010, the firm said in an emailed statement. Prince Faisal Bin Salman who heads the firm, said the despite the eventful 2011 that saw volatility in the global and regional markets, including events such as Arab Spring and the European sovereign debt crisis, Jadwa Investments has witnessed record revenues and profits. “Shareholders' Equity has grown to SR1.3 billion, reaching SR23.3 per share,” he said. “The Board recommends increasing dividends to shareholders to SR1.5 per share, representing 15percent of the par value per share.” He said the recommendation reflects our commitment to providing returns to our shareholders. Ahmed Al-Khateeb, Managing Director and CEO of Jadwa Investment said 2011 was a validation of our decision to focus on creating investment opportunities for our clients in real economy assets, primarily in Saudi Arabia. “Our business lines — asset management, investment banking, and proprietary investment — are performing well and offer a balanced and compelling full service portfolio of financial services.”
